SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Depreciation and amortization of property and equipment

	Years
Furniture and fixtures		5-7
Computer equipment		3
Equipment under capital leases		3
Long-term use equipment		10
Leasehold improvements	See below

Amortization of intangible assets

	Years
Customer relationships		10
Acquired developed software		5
Developed software		3
Goodwill	See below

Contract assets and liabilities

	Contract assets
Balance – June 30, 2019	$	4,682,799
Revenue recognized during the period but not billed		600,200
Amounts reclassified to accounts receivable		(2,143,519	)
Other		-
Balance – June 30, 2020	$	3,139,480	(1)

⁽¹⁾ Contract asset balances for June 30, 2020 include a current and a long-term contract asset, $2,300,754 and $838,726, respectively.

	Contract liability
Balance – June 30, 2019	$	1,917,787
Amounts billed but not recognized as revenue		1,709,485
Revenue recognized related to the opening balance of deferred revenue		(1,781,925	)
Other		-
Balance – June 30, 2020	$	1,845,347

Disaggregation of revenue

	For the Year Ended June 30, 2020
Geography	Subscription & support		Professional services		Transaction based		Total
North America	$	18,420,292	$	662,734	$	920,459	$	20,003,485
International		34,569		-		-		34,569
Total	$	18,454,861	$	662,734	$	920.459	$	20,038,054

Diluted EPS

	Year ended June 30,
	2020		2019
Numerator
Net income applicable to common shareholders	$	1,006,825	$	3,315,963
Denominator
Weighted average common shares outstanding, basic		19,651,000		19,849,000
Warrants to purchase Common Stock		212,000		519,000
Weighted average common shares outstanding, diluted		19,863,000		20,368,000
Net income per share
Basic	$	0.05	$	0.17
Diluted	$	0.05	$	0.16